https://www.taxtmi.com/caselaws?id=16406 The court ruled in favor of the Revenue, holding that the salami amounts received by the firm were rightly treated as revenue receipts assessable to tax. The court rejected the firm's argument that the salami amounts should be considered capital receipts, affirming the lower authorities' findings based on substantial evidence. The court found the salami amounts to be advances and not in lieu of rent, thus upholding their treatment as taxable income. en-us Tue, 21 Jul 1998 00:00:00 +0530 Mon, 07 Sep 2009 15:29:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16406 The court ruled in favor of the Revenue, holding that the salami amounts received by the firm were rightly treated as revenue receipts assessable to tax. The court rejected the firm's argument that the salami amounts should be considered capital receipts, affirming the lower authorities' findings based on substantial evidence. The court found the salami amounts to be advances and not in lieu of rent, thus upholding their treatment as taxable income. Case-Laws Income Tax Tue, 21 Jul 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16406